SAIL Q1 turnover increases by 22.42%

SAIL Chairman says that operational performance has recorded improvement over the past many quarters and the trend is likely to continue

GN Bureau | September 5, 2018


#SAIL   #steel   #profit   #Saraswati Prasad  

Steel Authority of India Ltd. (SAIL) has clocked a profit after tax (PAT) of Rs 540.43 crore in the first quarter (Q1) of current fiscal. SAIL’s turnover in Q1 2018-19 rose by 22.42 per cent over corresponding period of the last year to Rs 15,743.21 crore.

 
SAIL claims that it is bringing comprehensive improvements in its entire operations, backed by efforts for improving efficiencies and improved techno- economic parameters. In the first quarter of the current fiscal, the PSU’s saleable steel production was 3.61 million tonnes (MT) which rose 13 per cent over CPLY. The company’s sales volume at 3.271 MT in Q1 FY19 was also eight per cent higher over CPLY. It recorded improvement in all the techno-economic parameters including coke rate by three per cent, blast furnace productivity by two per cent and Specific Energy Consumption by three per cent over CPLY.
 
Chairman, SAIL Saraswati Prasad said that operational performance has recorded improvement over the past many quarters and the trend is likely to continue. SAIL has taken several new initiatives which will help the Company in improving its physical and financial performance.

Comments

 

Other News

Expanding Eureka!

Abright yellow van with figures of children playing with a whirligig, a Newton’s cradle, a magnetic compass rolls into the Government Higher Primary School in Kittaganahalli, on the outskirts of Bengaluru. Students in the playground leave what they are doing and mill about it in excitement. For they

The spark in the classroom

Not many children dream of starting an idyllic school of their own when they grow up. But Ramji Raghavan, founder of the Agastya International Foundation – which fosters the creative learning of science in stude

Trafficking survivors’ votes don’t count

While the entire nation is agog with political grapevine, political parties are weighing on all options to lure voters by touching upon issues that impact their lives. Several parties, including the BJP and the Congress have released their manifestos while many are about to join the bandwagon. The

“I have a bigger reason and motivation to join politics”

Urmila Matondkar joined the Congress party and within just two months into politics, the actor is already surrounded by controversies – from being accused of making anti-Hindu comments to inappropriate poll campaigning. Fielded against BJP’s Gopal Shetty in the Mumbai North constituency, Ma

Campaign trail with BJP’s Manoj Kotak

Dressed in white shirt and pants, three time Bhartiya Janta Party (BJP) corporator Manoj Kotak is now contesting from Mumbai north-east constituency. Kotak, representing BJP in the BMC, is ready to rally around Ward 125 in Ghatkopar east area. It’s about 7:30 pm on a hot April e

Modi is now the topic of a PhD thesis

Sunil Bhatt, a Gujarat-based professional, has completed what is possibly the first PhD thesis on prime minister Narendra Modi. The thesis, titled ‘Leadership, Governance and Development: A case study of Shri Narendra Modi’, has been accepted at the Veer Narmad South Gujarat Universit



Current Issue

Current Issue

Video

CM Nitish’s convoy attacked in Buxar

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter